Company Valuation: Pharmaron Beijing Co., Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 94,292 106,395 76,952 47,371 41,846 52,642 52,642 -
Change - 12.84% -27.67% -38.44% -11.66% 25.8% 0% -
Enterprise Value (EV) 1 92,214 107,852 80,810 51,092 46,049 54,958 54,112 52,520
Change - 16.96% -25.07% -36.78% -9.87% 19.35% -1.54% -2.94%
P/E ratio 81.5x 68.8x 58.6x 32.1x 25.4x 32.2x 26.3x 21.9x
PBR 10.8x 11.1x 7.83x 4.12x 3.35x 3.7x 3.2x 2.8x
PEG - 1.8x -3.9x 1.9x 2.1x -10.06x 1.2x 1.1x
Capitalization / Revenue 18.4x 14.3x 7.5x 4.11x 3.41x 3.74x 3.28x 2.86x
EV / Revenue 18x 14.5x 7.87x 4.43x 3.75x 3.9x 3.37x 2.85x
EV / EBITDA 54.5x 45x 34.8x 18.7x 14.6x 16.1x 13.5x 11.2x
EV / EBIT 69.7x 56.3x 47.8x 29.7x 21.9x 25.3x 20.2x 16.4x
EV / FCF 274x -3,252x -101x -540x 85.4x 33.9x 31.9x 24.8x
FCF Yield 0.36% -0.03% -0.99% -0.19% 1.17% 2.95% 3.14% 4.03%
Dividend per Share 2 0.1333 0.2 0.2 0.2 0.2 0.2062 0.253 0.2977
Rate of return 0.25% 0.32% 0.44% 0.69% 0.78% 0.65% 0.8% 0.94%
EPS 2 0.6569 0.9128 0.7739 0.9019 1.011 0.9789 1.199 1.438
Distribution rate 20.3% 21.9% 25.8% 22.2% 19.8% 21.1% 21.1% 20.7%
Net sales 1 5,134 7,444 10,266 11,538 12,276 14,075 16,056 18,432
EBITDA 1 1,692 2,399 2,321 2,730 3,153 3,416 4,022 4,679
EBIT 1 1,324 1,914 1,690 1,722 2,104 2,173 2,679 3,212
Net income 1 1,172 1,661 1,375 1,601 1,793 1,721 2,178 2,631
Net Debt 1 -2,077 1,457 3,859 3,721 4,203 2,316 1,470 -122.3
Reference price 2 53.51 62.79 45.33 28.98 25.70 31.55 31.55 31.55
Nbr of stocks (in thousands) 1,787,372 1,786,898 1,786,601 1,786,732 1,771,065 1,770,932 1,770,932 -
Announcement Date 3/28/21 3/10/22 3/30/23 3/27/24 3/26/25 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.27x3.91x16.12x0.65% 7.56B
38.49x5.59x18.76x0.89% 48.5B
34.13x3.38x14.56x-.--% 41.28B
103.38x6.62x66.63x-.--% 37.39B
57.29x11.74x32.63x0.34% 32.52B
-21.24x6162.36x-20.13x-.--% 22.94B
40.2x6.51x29.6x-.--% 16.76B
27.01x2.18x9.76x0.9% 14.24B
26.92x2.09x10.68x-.--% 13.85B
Average 37.61x 689.38x 19.85x 0.31% 26.12B
Weighted average by Cap. 43.36x 606.60x 23.43x 0.31%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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